We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s Hurricane 3000 microwave weapon can ‘sweep and kill’ drone swarms at 3km The truck-mounted Hurricane 3000 was showcased during China’s huge military parade in September. This week its developer – state-owned defence contractor Norinco – disclosed some details of the weapon system for the…
Day: January 8, 2026
Morality, military might and a sense of mischief: key takeaways from Trump’s New York Times interview
1. US is in Venezuela for the long haul When asked how long he would be “running Venezuela”, Trump said it would be “much longer” than a year. After Trump initially claimed that the US was running the South American country, in the hours after the operation that seized President Nicolás Maduro, members of Trump’s cabinet sought to downplay America’s role in its governance. Since then however, Trump has continued to assert that he is in fact “in charge”. Saturday’s operation in Caracas has been described by some as a…
DeepSeek rival MiniMax joins wave of Chinese AI companies going public
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. DeepSeek rival MiniMax became the latest Chinese AI group to tap public markets to fund the high costs of model development and global expansion, with its shares rising more than 50 per cent in its trading debut on Friday. The Shanghai-based large language model company raised $619mn in its Hong Kong IPO, buoyed by investor enthusiasm for China’s advances in artificial intelligence. MiniMax’s stock price was HK$253 ($32.46) after pricing…
Taiwan is ‘up to’ Xi Jinping and ‘nothing like’ Venezuela: Donald Trump
US President Donald Trump has said the Taiwan issue was “up to” Chinese leader Xi Jinping, as he sought to draw a sharp distinction between the self-ruled island and Washington’s recent military action in Venezuela. In an interview with The New York Times published on Thursday, Trump rejected suggestions that his audacious operation targeting the Venezuelan president Nicolas Maduro could set a precedent that Beijing might apply to Taiwan. Maduro’s government posed a direct threat to the United States that Taiwan did not pose to Beijing, according to Trump. Advertisement…
Chinese car exports set to jump as domestic sales cool
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China’s auto exports will expand by as much as 25 per cent to a record of more than 7mn this year, according to analyst and industry association estimates, as carmakers try to offset collapsing domestic sales of petrol cars and slowing electric vehicle growth. Chinese and foreign carmakers including Volkswagen and Hyundai are repurposing their factories towards more lucrative export markets, in a strategic shift that puts pressure…
Amid historical tensions with Japan, Hong Kong must engage for the future
I attended a memorial service last month for victims of the Nanking massacre, held at the Hong Kong government offices in Admiralty. Such occasions are solemn reminders of history’s darkest moments, forcing us to pause and reflect on the scale of the tragedy that unfolded after the city was seized on December 13, 1937, and the broader suffering inflicted on China during World War II. Government figures estimate that military and civilian casualties exceeded 35 million, with 21 million lives lost, leaving an enduring scar on the nation. For many…
Mukesh Ambani’s Reliance takes a beating
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. India’s real GDP is set to rise 7.4 per cent in 2026, up from 6.5 per cent last year, according to a government forecast published on Wednesday. Nominal GDP is expected to grow 8 per cent. This first advance estimate forms the basis on which the finance minister will prepare her budget for the year, and I want…
China warns of ‘law of the jungle’ as US exits global bodies
Washington’s further retreat from multilateral institutions has dealt “a heavy blow” to an already fractured global governance system, presenting both opportunities and challenges for Beijing, according to analysts. On Thursday, Chinese foreign ministry spokeswoman Mao Ning described Washington’s continued pullback from multilateralism as “no longer news” yet warned that it risked undermining the foundations of global governance centred on the United Nations. Advertisement Only a functioning multilateral system could prevent “the spread of the law of the jungle” and a return to “might makes right” and “force is justice”, Mao…
South-east Asia’s surprising resilience to the tariff war
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Donald Trump announced reciprocal tariffs of up to 49 per cent on south-east Asia’s major manufacturing economies last April, the outlook for the export-driven region looked bleak. There were fears that companies pursuing “China plus one” strategies — using the region as a secondary base to reduce exposure to punitive duties on Beijing — might relocate. The US president’s aggressive protectionism also came as leaders from Hanoi to Kuala…
Australia evacuates towns as dangerous heatwave triggers blazes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia has been hit by an intense heatwave as temperatures soar above 40C, sparking warnings of “extreme fire danger” and risks to life. The country’s Bureau of Meteorology said more than half of Australia was in the grips of extreme heat, especially South Australia and Victoria, with temperatures forecast to reach up to 47C in inland areas. Firefighters were grappling with blazes in several areas of Victoria on Thursday and…